Exotic
Bets
Exacta / Perfecta
This bet involves two horses
in the same race. The bet pays if the numbers purchased finishes first
and second in the exact order specified. Combinations of numbers are allowed
which are more popularly known as box or wheel. If you think that either
three horses can finish first or second in the race then you should box
all three numbers for the Exacta. This means that if the winner and the
second horse are in your selections, you win. Wheeling is less costly,
but is a more exacting type of bet. Use the wheel bet only if you can confidently
reduce the winner to one of two horses. To wheel, you must specify the
numbers to win followed by the numbers for second. Exacta odds are usually
displayed on the rotating bet display monitors positioned at various points
around the track
Quinella
This bet involves two horses
in the same race. The bet pays if the numbers of purchased finishes first
and second in any order. Combinations of numbers are allowed which are
more popularly known as box or wheel. If you think that either three horses
can finish first or second in the race then you should box all three numbers
for the quinella. This means that if the winner and the second horse are
in your selections, you win. Quinella odds are usually displayed on the
rotating bet display monitors positioned at various points around the track.
Trifecta
The Trifecta requires the
bettor to spot the first, second and third in the exavt order of finish.
Unless you are a pro you should always box or wheel this bet. The payout
on this bet is always going to be better than the Exacta or Quinella because
of the level of difficulty involved. These odds are not usually displayed
because of the number of combinations.
Superfecta
The Superfecta requires the
bettor to spot the first, second, third and fourth in the exact order of
finish. Avoid this bet unless you are feeling lucky or you have spotted
the winner at a good price. You should always box or wheel this bet. The
payout on this bet is always going to be higher than the Trifecta, Exacta,
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Highly Advanced Wagers
Double
This bet requires you to
identify both winners of two separate races (usually in succession). Wheel
bets are common when playing the double. Doubles are sometimes sold in
overlapping races (i.e. race 1 with race 2, race 2 with race 3, race 3
with race 4 and so on.) Double odds are usually displayed on the rotating
bet display monitors positioned at various points around the track.
Twin-Tri
The twin Trifecta bet is
a combination of two Trifectason two consecutive races. The winning combinations
in the first leg are carried over as bets into the second leg. A small
percentage payout it done on the winning combination of the first leg.
To win this bet you must spot both Trifectas in succession. It is a very
costly bet to box or wheel for the amount you intend to spend in the second
leg must be multiplied by the number of combinations in the first leg.
If nobody spots both legs then the pool is carried over to the next twin-tri
play.
HI-5
The HI-5 requires thebettor
to spot the first, second, third, fourth and fifth in the exact order of
finish. Avoid this bet unless you are feeling lucky or have spotted the
winner at a good price. You should always box or wheel this bet. The payout
on this bet is always going to be higher than the Trifecta, Exacta or Quinella
because of the level of difficulty involved. This bet is extremely difficult
to catch and requires a hefty layout of cash tobet it properly. These odds
are not usually displayed mainly because of the number of combinations
involved.
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Pick 3/Pick 6/Pick 9
This bet requires you to
spot the winners of the races specified for the bet. (i.e. 3 consecutive
races for pick-3 or 6 consecutive racesfor pick-6 etc.) If you pick a non-runner
you are substituted with the off time favorite in the win pool. What if
nobody is able to pick all the winners for the pick-bet? The intended payout
pool is carried over to the next time that bet is offered.
Daily Double
The meaning of the wager
daily double is you must select the winner in two consecutive races. This
type of wager is usually offered on the first two races and/or last two
races on the race card. There are certain racetracks that offer this wager
on more races. It all depends what racetrack you are wagering at. Let's
say the daily double is on the 1st and 2nd races. Here is a example of
a daily double wager: $2.00 Daily Double #5 with #6 (the meaning of this
bet is in the 1st race the #5 horse must win and in the 2nd race the #6
horse must win.) If you have selected the winners in both races you have
just won the daily double.
All Up
This wager type happens when
you can select your winnings from one bet to be automatically re-invested
into your next selection (either all up win, all up place, or both). This
gets a bit hard to take when you suddenly have a lot of money riding on
your last selection after you have just backed threee winners in a row
and this last horse gets beaten.
Rebate
Rebate is money refunded
to you based on your wagering action. Rebate is the new standard of being
introduced into horse racing by offshore and online competition. Tracks
and simulcast facilities do NOT provide rebate. However, all reputable
offshore and online facilities do.
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